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The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share. The company behind Snapchat posted revenue of $1.56 billion in the period, also surpassing Street forecasts.

Snap Inc (SNAP) reports a 14% increase in Q4 revenue and significant growth in daily active users, driven by Snapchat+ subscriptions and innovative ad placements.

Snap Inc (NYSE: SNAP) came in ahead of Street estimates in its fiscal fourth quarter – but the company’s quarterly earnings were not enough for a Wells Fargo analyst to remain bullish on it. Ken Gawrelski downgraded Snap stock this morning and lowered his price target to $11 that no longer suggests a meaningful upside from current levels.

Q4 2024 Earnings Conference Call February 4, 2025 5:00 PM ETCompany ParticipantsDavid Ometer - Head of IREvan Spiegel - CEO

Snap (SNAP) reported $1.56 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 14.4%. EPS of $0.16 for the same period compares to $0.08 a year ago. The reported revenue represents a surprise of +0.

However, the stock is up about 25% from a low point in August, helped by a positive reaction to its third quarter earnings report in late October. Some analysts also expect Snap w